IRIS Accounts Production v23.3.0.418 08715706 Board of Directors 1.11.22 31.10.23 31.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh087157062022-10-31087157062023-10-31087157062022-11-012023-10-31087157062021-10-31087157062021-11-012022-10-31087157062022-10-3108715706ns10:Originalns15:EnglandWales2022-11-012023-10-3108715706ns14:PoundSterlingns10:Original2022-11-012023-10-3108715706ns10:Originalns10:Director12022-11-012023-10-3108715706ns10:Original2022-11-012023-10-3108715706ns10:Original2023-10-3108715706ns10:Originalns10:PrivateLimitedCompanyLtd2022-11-012023-10-3108715706ns10:Originalns10:SmallEntities2022-11-012023-10-3108715706ns10:Originalns10:AuditExemptWithAccountantsReport2022-11-012023-10-3108715706ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3108715706ns10:SmallCompaniesRegimeForAccountsns10:Original2022-11-012023-10-3108715706ns10:Originalns10:FullAccounts2022-11-012023-10-3108715706ns10:Originalns10:Director22022-11-012023-10-3108715706ns10:Originalns10:Director32022-11-012023-10-3108715706ns10:Originalns10:Director42022-11-012023-10-3108715706ns10:Originalns10:Director52022-11-012023-10-3108715706ns10:Originalns10:RegisteredOffice2022-11-012023-10-3108715706ns10:Original2022-10-3108715706ns10:Originalns5:CurrentFinancialInstruments2023-10-3108715706ns10:Originalns5:CurrentFinancialInstruments2022-10-3108715706ns10:Originalns5:Non-currentFinancialInstruments2023-10-3108715706ns10:Originalns5:Non-currentFinancialInstruments2022-10-3108715706ns10:Originalns5:RevaluationReserve2023-10-3108715706ns10:Originalns5:RevaluationReserve2022-10-3108715706ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-10-3108715706ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-10-3108715706ns10:Original2021-11-012022-10-3108715706ns10:Original2022-10-3108715706ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3108715706ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3108715706ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-10-3108715706ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-10-3108715706ns10:Originalns5:RevaluationReserve2022-10-31
REGISTERED NUMBER: 08715706 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Hexad Property Limited

Hexad Property Limited (Registered number: 08715706)

Contents of the Financial Statements
for the Year Ended 31 October 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Hexad Property Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: A Brown
A Moulds
K Stilwell
A Stilwell
G Quinton-Moulds





REGISTERED OFFICE: 10 Station Road
Burgess Hill
West Sussex
RH15 9DQ





REGISTERED NUMBER: 08715706 (England and Wales)





ACCOUNTANTS: THL Accountancy Ltd
303 Goring Road
Worthing
West Sussex
BN12 4NX

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Hexad Property Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hexad Property Limited for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hexad Property Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hexad Property Limited and state those matters that we have agreed to state to the Board of Directors of Hexad Property Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hexad Property Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hexad Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hexad Property Limited. You consider that Hexad Property Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hexad Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






THL Accountancy Ltd
303 Goring Road
Worthing
West Sussex
BN12 4NX


20 February 2024

Hexad Property Limited (Registered number: 08715706)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 771,945 771,945

CURRENT ASSETS
Debtors 5 150,000 101,362
Cash at bank 75,073 105,322
225,073 206,684
CREDITORS
Amounts falling due within one year 6 6,230 6,419
NET CURRENT ASSETS 218,843 200,265
TOTAL ASSETS LESS CURRENT
LIABILITIES

990,788

972,210

CREDITORS
Amounts falling due after more than one
year

7

417,558

417,558
NET ASSETS 573,230 554,652

RESERVES
Revaluation reserve 8 375,144 375,144
Retained earnings 198,086 179,508
SHAREHOLDERS' FUNDS 573,230 554,652

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Hexad Property Limited (Registered number: 08715706)

Balance Sheet - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:





A Stilwell - Director


Hexad Property Limited (Registered number: 08715706)

Notes to the Financial Statements
for the Year Ended 31 October 2023


1. STATUTORY INFORMATION

Hexad Property Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the proceeds of rent received from let investment properties.

Investment property
Investment property is shown at the most recent valuation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 November 2022
and 31 October 2023 771,945
NET BOOK VALUE
At 31 October 2023 771,945
At 31 October 2022 771,945

Cost or valuation at 31 October 2023 is represented by:
£   
Valuation in 2021 691,455
Valuation in 2022 80,490
771,945

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 150,000 100,000
Prepayments and accrued income - 1,362
150,000 101,362

Hexad Property Limited (Registered number: 08715706)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 4,358 4,748
Other creditors 1,872 1,671
6,230 6,419

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 417,558 417,558

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 417,558 417,558

8. RESERVES
Revaluatio
reserve
£   
At 1 November 2022
and 31 October 2023 375,144